Job Description Summary
For over forty years, HarbourVest has been home to a committed team of professionals with an entrepreneurial spirit and a desire to deliver impactful solutions to our clients and investing partners. As our global firm grows, we continue to add individuals who seek a collaborative, open-door culture that values diversity and innovative thinking.
In our collegial environment that’s marked by low turnover and high energy, you’ll be inspired to grow and thrive. Here, you will be encouraged to build on your strengths and acquire new skills and experiences.
We are committed to fostering an environment of inclusion that promotes mutual respect among all employees. Understanding and valuing these differences optimizes the potential of both the individual and the firm.
HarbourVest is an equal opportunity employer.
This position will be a hybrid work arrangement, which translates to 2-3 days minimum per week in the office.
HarbourVest is seeking a highly motivated and experienced manager to join our world-class Treasury team. As a Treasury Senior Manager at HarbourVest, you will have the unique opportunity to work collaboratively with over 30 dedicated professionals. In this role, you will be responsible for supporting client and investment treasury operations working directly with our internal product development teams and third-party administrators and distribution partners in the Private Wealth Channel. It will include managing cash activity across HarbourVest funds, ensuring the successful execution of funding commitments and flawless capital operations for our investors. Working closely with our firm-wide functional teams, you will develop a strong understanding of each group’s role, as well as our various investment strategies, while partnering with external service providers and banking counter parties.
As a member of the Treasury team, you will have the opportunity to contribute to the growth trajectory of HarbourVest and play a vital role in achieving our ambitious goals. This position offers significant advancement and personal development opportunities in both the short and long term.
The ideal candidate is:
- Brings a differentiated set of skills to identify the operational needs associated with a new distribution channel, and equip Treasury with new analytical capabilities to be best positioned for new market opportunities in Private Wealth
- Experienced with a fast-paced and complex activities, taking initiative to make informed challenging operational decisions
- Resilient, intellectually curious, analytically driven and process-focused in service of operational excellence
- Even keeled with a high sense of responsibility and collaboration with the executive presence to interact across cross functional product and deal teams and external stakeholders
What you will do:
Investment Operations:
- Ensure centralized Treasury processes are followed to execute investment activities for initial and follow-on capital deployment and monitor deal pipeline to manage fund and platform liquidity profiles
- Reconcile incoming proceeds from investments
Investor Capital Operations:
- Oversee LP capital call and distribution processes outsourced to third-party fund administrators (TPAs) regarding cash movements and reconciliations.
- Planning and coordination of capital operations execution between the broader Client Operations org (e.g., Client Service and Inv. Accounting) and multiple TPAs
Core Treasury Operations:
- Streamline processes and drive continuous improvements of operating model by embedding Treasury into the operational workflows across TPAs across the entire Private Wealth channel
- Capital allocation and cash management for each fund by converting into upstream/downstream cash movements between entities within a structure
- Coordination with Inv. Accounting and TPA for cash flows from/to ring-fenced subscription/redemption accounts into operating accounts
- Oversight of short-term liquidity investments, including investment policy compliance, market execution with various short-term cash investment products or outsourced SMA mandates with independent Asset Manager
- Servicing and reporting of credit lines, working closely with the Treasury Credit Operations team on compliance and covenant reporting to lenders and critical stakeholders
- Manage payment instructions, foreign exchange coordination and other responsibilities as required
What you bring:
- Understanding or capacity to quickly comprehend open-ended investment vehicle operations in the US and internationally
- Dependable and accountable with timely and effective communication skills
- Proven ability to learn new systems and processes and develop projects and analytical frameworks and models to optimize outcomes
- Strong motivation with a commitment to constant growth and development
- Demonstrated experience enhancing complex and highly coordinated operations
- Experience working directly with financial counterparties and third-party administrators to identify and implement services and efficiencies.
- Proven track record in proposing and implementing improved processes and documenting desktop procedures
- Maintain high engagement and develop team skills, including goal setting, performance reviews and periodic meetings with team members and peers
- Explore mentorship opportunities to support and provide recognition for the daily operations of the Treasury function
Education:
- Bachelor's degree required
- Master or advanced degree preferred
Experience:
- 7-10 years’ experience, preferably in an investment management firm
- Prior senior managerial role in a Treasury, Operations or Finance organization
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